• European stocks close: stocks closed higher as tensions over Ukraine eased

Market news

18 August 2014

European stocks close: stocks closed higher as tensions over Ukraine eased

Stock indices traded higher as tensions over Ukraine eased. The Russian and Ukrainian foreign ministers met in Berlin on Sunday. Russian Foreign Minister Sergei Lavrov said no progress had been made towards a ceasefire, but all issues related to Russian humanitarian convoy had been resolved. Germany's Foreign Minister Frank-Walter Steinmeier said there was some progress made.

Eurozone's trade surplus dropped to 13.8 billion euros in June from a surplus of 15.2 billion euros in May, missing expectations for a decline to 14.9 billion euros. May's figure was revised down from a surplus of 15.3 billion euros.

United Internet AG shares increased 3.7% after buying a 10.7% stake in Rocket Internet AG.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,741.25 +52.17 +0.78%

DAX 9,245.33 +152.73 +1.68%

CAC 40 4,230.65 +56.29 +1.35%

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